Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 124.14% is in line with its 5-year average of 130.67%, around the middle of its 5-year range (97.25%–161.27%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.83% below its 12-month average of 144.07%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q1 FY2027 (2026-06-30): 124.14%.
FCF PAYOUT RATIO
124.14%
FCF PAYOUT RATIO AVG TTM
144.07%
FCF PAYOUT RATIO AVG 3Y
126.93%
FCF PAYOUT RATIO AVG 5Y
130.67%
FCF PAYOUT RATIO AVG 10Y
136.60%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.83%
CURRENT VS 3Y AVG
-2.20%
CURRENT VS 5Y AVG
-5.00%
CURRENT VS 10Y AVG
-9.12%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
124.1%
Earnings Payout Ratio
107.5%
Dividend Yield
3.46%
FCF Yield
2.78%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $14.47M | $19.35M | 133.7% |
| 2025 | $13.05M | $19.34M | 148.2% |
| 2024 | $18.23M | $19.33M | 106.0% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 124.14% |
| 2026-03-31 | 133.73% |
| 2025-12-31 | 156.28% |
| 2025-09-30 | 148.28% |
| 2025-06-30 | 157.91% |
| 2025-03-31 | 148.16% |
| 2024-12-31 | 140.14% |
| 2024-09-30 | 131.32% |
| 2024-06-30 | 106.55% |
| 2024-03-31 | 106.04% |
| 2023-12-31 | 99.57% |
| 2023-09-30 | 100.67% |
| 2023-06-30 | 97.25% |
| 2023-03-31 | 106.43% |
| 2022-12-31 | 114.90% |
| 2022-09-30 | 129.46% |
| 2022-06-30 | 160.83% |
| 2022-03-31 | 161.27% |
| 2021-12-31 | 140.16% |
| 2021-09-30 | 136.67% |
| 2021-06-30 | 144.24% |
| 2021-03-31 | 145.36% |
| 2020-12-31 | 163.27% |
| 2020-09-30 | 138.50% |
| 2020-06-30 | 133.66% |
| 2020-03-31 | 122.35% |
| 2019-12-31 | 128.80% |
| 2019-09-30 | 145.48% |
| 2019-06-30 | 137.82% |
| 2019-03-31 | 136.91% |
| 2018-12-31 | 125.45% |
| 2018-09-30 | 121.12% |
| 2018-06-30 | 135.14% |
| 2018-03-31 | 133.12% |
| 2017-12-31 | 164.52% |
| 2017-09-30 | 147.36% |
| 2017-06-30 | 154.83% |
| 2017-03-31 | 163.14% |
| 2016-12-31 | 147.64% |
| 2016-09-30 | 163.51% |
| 2016-06-30 | 148.47% |
| 2016-03-31 | 138.46% |
| 2015-12-31 | 156.78% |
| 2015-09-30 | 128.03% |
| 2015-06-30 | 96.61% |
| 2015-03-31 | 68.10% |
| 2023 |
| $18.16M |
| $19.32M |
| 106.4% |
| 2022 | $12.02M | $19.33M | 160.9% |
| 2021 | $13.30M | $19.34M | 145.4% |
| 2020 | $15.84M | $19.38M | 122.3% |
| 2019 | $14.15M | $19.37M | 136.9% |
| 2018 | $14.55M | $19.37M | 133.1% |
| 2017 | $11.86M | $19.35M | 163.1% |
| 2016 | $14.02M | $19.41M | 138.5% |
| 2015 | $14.69M | $10.00M | 68.1% |
| 2014 | $12.24M | $0 | 0.0% |
| 2013 | $10.82M | $0 | 0.0% |
| 2012 | $11.33M | $0 | 0.0% |
| 2011 | $12.08M | $0 | 0.0% |
| 2010 | $12.16M | $0 | 0.0% |
| 2009 | $9.60M | $0 | 0.0% |
| 2008 | $6.09M | $0 | 0.0% |
| 2007 | $5.20M | $0 | 0.0% |
| 2006 | $3.09M | $0 | 0.0% |
| 2005 | $0.14M | $0 | 0.0% |
| 2004 | $0.10M | $0 | 0.0% |
| 2003 | ($0.03M) | $0 | N/A (Loss) |
| 2002 | ($0.90M) | $0 | N/A (Loss) |
| 2001 | $0.11M | $0 | 0.0% |
| 2000 | $2.71M | $5.91M | 218.1% |
| 1999 | $1.30M | $0 | 0.0% |
| 1998 | ($0.55M) | $0 | N/A (Loss) |
| 1997 | ($1.08M) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
